Hyperloop One formerly known as Hyperloop Technologies believes to be first to make Elon Musk's Hyperloop a reality.
Hyperloop One announced a massive $80 million Series B investment to build one day a Hyperloop that connects Los Angeles and San Francisco in under 30 minutes. Hyperloop One, formerly known as Hyperloop Technologies, is backed by Sherpa Ventures' Shervin Pishevar. The company believes to be first to deliver a working Hyperloop.
Don't Miss: The Best HDR TVs
The race is on between Hyperloop One and Hyperloop Transport Technologies. Maybe the latter should change the name to Hyperloop Two, to make things easier in covering the race.
The Hyperloop startup will show off the propulsion system for a Hyperloop pod on Wednesday in the Nevada desert. The animation below shows what this demonstration will be about.
Hyperloop One has also launched a global challenge that aims to identify and select locations around the world with the potential to develop and construct the world’s first hyperloop networks.